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ACM Cladding - which lenders will
I am in the process of selling my flat in Manchester. Unfortunately it is fitted with ACM cladding, which at the time of development was in line with guidelines. However since the Grenfell tragedy, the Government has revised guidelines and ACM is now banned. Our management company and developer have made leaseholders aware…
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Loan before remortgaging
Hi everyone Wondered if anyone could offer some advice. We are looking to do some internal renovations/improvements to our house, likely to come in around 10k. We've looked at loans and they're good rates and easily affordable monthly payments. Only thing is our current mortgage fixed rate ends next October, so we'll be…
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Moving House
Hi, I am trying to downside my current house to pay off a Debit Management Agreement with StepChange, I am currently in the process of doing this with my current Mortgage company but have not received a decision yet. I have had a Mortgage for 15 years and not missed a payment and took out the StepChange before things may…
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Remortgaging council property
Not sure if anyone can help. We bought a council property but need to remortgage. We are 4.5 years into our current mortgage and as I understand it We would have to pay the discount back if we sold it but we are not selling it. Just freeing up some money.
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Advice on ground rent and maintenance fees
Hi everyone, Wondered if someone has been in a similar situation to me. Me and my partner bought our new build flat in June 2018. Part of what we paid included 6 months of ground rent and maintenance fees. A year has passed since we moved and I have not heard any news about paying ground rent or maintenance fees. The…
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Nationwide timescale & info requested...
Hey all, We applied through a broker with nationwide for a mortgage last Thursday for our new house. They completed a valuation on Friday (super quick) and thry received the valuation report back the same day according to text message. We have an Aip but they requested a letter from my employer as I only started my new job…
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Any way to get buy to let equity release with no UK employer income?
Hello, I have two buy-to-let properties in London but live overseas. I have no UK salary, only the profit from the monthly rent (and my overseas salary). A few years ago it used to be quite easy to perform an equity release by remortgaging with a buy-to-let product where they would only look at the rental profit and not…
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Which Mortgage lender to approach
hello everyone, I’m new to the forum hopefully someone can help my situation. We are looking to move home and have sold our house stc. My wife owns 3 limited companies but only pays herself a salary of 31k includes 17k dividends from just the one company for the last 7 years and has 3 years worth of sa302s and tax…
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Deposit source is our wedding money
Hi, my wife and I got married 2 months ago, and we've just had an offer accepted on our first home! We are first time buyers. It's humble abode and our deposit is £7k, around £4k of which we have saved and around £3k is an accumulation of all the money our family and friends gifted us for our wedding. How does a paper…
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First time mortgage, new job
Looking at buying a house for the first time, on my own. Just finished a 2.25 year contract on a bit under £40k/year. Got an offer (pending pre-employment check) for a new role on bit over £40k, 6 years (technically still temporary!?), with 6 months probation. Aiming to start early September, so I have a few weeks "off"…
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calculator confusions
Hi I'm a first time buyer, currently feeling a bit dim On the calculator 78% LTV on a 160k (35k dep) it gives me a rate of 1.54% However on say rightmove, or on say barclays site, it lists this APRC at 3.9% (and also the variable rate which will come into play when the 2 year fixed or whatever runs out) obviously there a…
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How To Re-Mortgage Multiple Sub-Accounts
Hello, I was wondering if someone on the forums would be able to guide me in the right direction regarding a re-mortgage predicament I'm in!? I currently have a mortgage with HFax under 2 sub-accounts, the details of such are as per below (without financial values). Sub account 1 >£50k Current Rate: 3.89% Fixed until: 31…
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DIP will we be approved?
Hi everyone we have been on such a rollercoaster the last couple of weeks with trying to achieve a mortgage. The issue has been affordability due to childcare costs and my partners not so great credit file although he has no credit card or overdraft so that’s good. In the end the mortgage broker recommended we stop our…
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Woolwich Reserve Account – Interest Rate Not Clear
Hi All Ive had a Woolwich (now Barclay) Mortgage with a linked Reserve Account since April 2007. I have consistently used the Reserve Account over that period as an ad-hoc “buffer” – for example I used it pay for my wedding and paid it off over the next few years as I believed it was at a preferential rate. The total…
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Halifax AIP
Hi all, Me and my boyfriend are preparing to buy our first property, he has a CCJ that is due to fall off his credit file on 20th August so we would be looking to apply early September. We did an AIP with Halifax yesterday and got accepted which we were really chuffed about, however I have now realised I might not have put…
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Adding partner to existing mortgage - temp worker
Hi all, first post. I currently am the sole person on a Halifax mortgage which I have been paying for 14 months. At the time of getting the mortgage my partner was self employed and couldn't be added to the mortgage officially but has been paying me half of the money each month. He has been in the same temp job for a year…
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Best interest only mortgage comparison tool
Can people here recommend a good all of market interest only mortgage comparison tool / websites? I'm discussing with a broker also but I like to do my own research.
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Multiple credit check from lender before and after offer
Regarding my previous post.. we have checked our credit and they have hard checked us 7 times in two weeks?? Now Halifax our saying our formal offer is going back to be re underwritten as our rating has gone down with them even though nothing has changed and we haven’t taken anything out further credit wise. Could the fact…
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Mortgages and applying for credit
Hello there. I am currently selling my house and in process of buying another one. I am taking a new mortgage out for this one. It has been agreed in principle, I have paid the valuation fee and I think the next step is for it to go to the underwriter. Other than that I am assuming it's all been done. I was wandering if I…
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Halifax offer going back to underwriters?
Hello, We have had a formal offer from Halifax for 90% ltv. When we saw our Halifax mortgage advisor today for life cover and buildings insurance she told us to “try not to worry” but our rating has gone from an A rating to a B rating and needs to go back to underwriters! Even thought we have had a formal offer in the…
